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Leases/leasing contracts

April 26, 2011

-Hobby Lobby leased 55,668 square feet at Southtown Center, 4380 S. Scatterfield Road, Anderson. The tenant was represented by David Leathers of DL Johnson Co. and Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, CSN LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.

-Dollar General leased 10,031 square feet at Dori Plaza, 8323 E. Washington St. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, Sandor Development, was represented by Jamison Downs of Sandor.

-Oak Security Group LLC leased 7,945 square feet of industrial space in the Northeast Business Center, 8904 Bash St. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Westminster Northeast LLC, was represented by Bryan Miller of Cassidy Turley.

-John Hancock Life Insurance Co. leased 6,135 square feet of office space at 8425 Woodfield Crossing Blvd. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.  

-USA Party Supplies Inc. leased 6,000 square feet at College Park Plaza, 3479 W. 86th St. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-TQL Inc. leased 4,621 square feet at 9000 Keystone Crossing. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Civil & Environmental Consultants Inc. leased 2,750 square feet at The Maxwell, 530 E. Ohio St. The landlord, Milhaus Development, was represented by Tadd Miller of Milhaus. The tenant represented itself.

-G-Spa Tanning Salon leased 2,170 square feet at Ashley Crossing, 733 Loews Blvd., Suite C, Greenwood. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-Handbag Trading leased 1,768 square feet at College Park Plaza, 8403 Michigan Road, Suite D. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.

-G-Spa Tanning Salon leased 1,960 square feet at Indianapolis Pavillions, 7035 E. 96th St., Suite O. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-Pole Up LLC leased 1,960 square feet at Indianapolis Pavillions, 7035 E. 96th St., Suite F2. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-Holland & Holland leased 1,255 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Indy Gold & Silvers LLC leased 1,254 square feet at College Park Plaza, 3325 W. 86th St., Suite L. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.

Construction

April 26, 2011

-Wilhelm Construction Co. has been hired by the University of Indianapolis to build South Hall, a residence hall that will house 200 students on the south side of Hanna Avenue in the heart of campus. Work will begin next month on the project, which is expected to be complete by August 2012.

-Alt Construction has completed a 3,600-square-foot retail build-out for Mattress Firm at 2625 E. 62nd St.

-Alt Construction has completed 1,567-square-foot office expansion for Indianapolis Neighborhood Housing Partnership at 2065 E. 62nd St.

People

April 26, 2011

Sherry Minkis has joined MacDuff Realty Group as a Realtor and sales associate.

Residential

April 26, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 5.3 percent for the week ended April 15, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.83 percent from 4.98 percent the previous week. The rate for 15-year mortgages decreased to 4.07 percent from 4.17 percent.

Sales/acquisitions

April 26, 2011

Stock Yards Bank bought the 2,990-square-foot former Cord Camera building at 6840 Lake Plaza Drive. The price wasn’t disclosed. The buyer was represented by Katie Sobotowski of Summit Realty Group.  The seller, CCC Realty, was represented by Keith Fried of Sitehawk Retail Real Estate.

Real estate-related bills still alive in Legislature

April 25, 2011

The bill with perhaps the best chance of emerging is the so-called dinosaur buildings bill, which would make it easier to win tax incentives for renovating obsolete industrial buildings.

Judge orders Indiana recount chief into court

April 25, 2011

A judge Monday ordered the head of the Indiana Recount Commission to appear before him this week to explain why the panel has not moved more quickly in considering whether Republican Secretary of State Charlie White was a valid candidate when he won election last fall.

Teacher merit pay bill heads to Daniels’ desk

April 25, 2011

A bill linking teacher pay with student performance has won final legislative approval and now heads to Indiana Gov. Mitch Daniels for his signature.

Company news

April 25, 2011

Bedford Regional Medical Center will receive a $46.8 million community facility direct loan from the U.S. Department of Agriculture to construct a new critical access hospital, according to an announcement from U.S. Sen. Dick Lugar’s office. Bedford Regional is owned by Indianapolis-based Indiana University Health, and is one of two hospitals in the southern Indiana town.

Indiana University Health ranked as the fourth-busiest transplant center in the nation, according to new data from the U.S. Organ Procurement and Transplantation Network. The Indianapolis-based hospital network performed 500 organ transplants last year, an uptick from 483 transplants in 2009. In three categories—intestine, pancreas and kidney-pancreas—IU Health ranked No. 1in the nation for volume of transplants. IU Health also ranked third in abdominal organ transplants, sixth in liver transplants, and ninth in kidney transplants. IU Health, formerly known as Clarian Health, has ranked as one of the nation’s top 10 busiest transplant centers since 2003.

A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass April 18 despite a large majority of shareholders voting to remove those barriers for the second straight year. At the drugmaker’s annual shareholders meeting at its Indianapolis headquarters, 84.7 percent of the votes cast called for removing several provisions designed to prevent a hostile takeover of the company. However, Lilly’s bylaws require approval from 80 percent of all shares—whether voted or not—before removing the provisions. By that standard, only 72.6 percent of shares were voted in favor of removal. The vote tallies were nearly identical to those at last year’s meeting. For the past 25 years, Lilly has required the approval of 80 percent of the shareholders not only to approve hostile takeovers, but also to enact measures used to achieve them, such as removing directors before their terms end or expanding the size of the board. If the proposal had passed, such measures could have been approved by a bare majority of shareholders.

People

April 25, 2011

Community Hospital South has hired Dr. Sheryl King as director of inpatient pediatrics. She holds a medical degree from the Indiana University School of Medicine. King practiced in Bloomington for 12 years before moving her practice to Johnson County in 2007.

Community South Hospital named Cheri Pfahler, a registered respiratory therapist, as its neonatal and pediatric cardiopulmonary manager.  She comes to Community after serving as clinical coordinator of respiratory care for women’s and children’s services at Franciscan St. Francis Health.

Community Health Network named Jessie Westlund, a registered nurse, its chief integration officer. Westlund has previously been CEO of Community’s home health services unit.

Community Health Network also named Tom Malasto as chief operating officer of its three Indianapolis hospitals: Community North and the Indiana Heart Hospital in Castleton, Community East and Community South, along the county line between Marion and Johnson counties. Malasto has previously been CEO of the Indiana Heart Hospital.

Victor Esan has accepted the position of chief practice officer of IU Health Ball Memorial Hospital, where he will work to form and grow physician partnerships in and around Muncie. Esan previously worked at Howard Regional Health System in Kokomo. He earned master's degrees in public management and business administration from Indiana University Kokomo.

India J. Taylor Owens, a registered nurse, has been selected as director of emergency services at Franciscan St. Francis Health, overseeing the emergency departments at Franciscan’s Beech Grove, Indianapolis and Mooresville hospitals. Owens most recently served as director for emergency services at Indiana University Health West Medical Center in Avon.

WellPoint Inc. named Meg Rush vice president of consumer experience and e-marketing. Most recently, Rush served as vice president of product management and design for WebMD Health Services. Rush holds a bachelor's degree from St. John Fisher College in New York and a master's of management degree from Pennsylvania State University.

Adam Chavers has joined Indiana University Health as executive director of corporate real estate for the chain’s hospitals statewide. Before joining IU Health, Chavers served for seven years as Indianapolis-based Kite Realty Group Inc.’s vice president of acquisitions, dispositions and investor relations.

Car fires hit Broad Ripple complex

April 25, 2011

A recent rash of car fires has residents at a Broad Ripple apartment complex on edge. Shore Acres Apartments, near East 71st Street and Westfield Boulevard, has experienced six car fires since December, residents say, with three of those fires in just the past two weeks. The latest happened about 12:45 a.m. Monday. Police are asking for tips.
 

Police seek teens in downtown death

April 25, 2011

The body of a homeless man who was found in an alley in downtown Indianapolis last Thursday morning has been identified as Steve McGuire, 61. McGuire died of blunt force trauma, and police seek a group of teens spotted near the scene in connection with his death. The body was discovered in a loading-dock area of the Sheraton Indianapolis City Centre Hotel, just off Monument Circle. Family members say McGuire struggled with bipolar disorder.
 

Children injured in fire

April 25, 2011

Two children were critically injured in a fire Monday morning in a duplex on the east side of Indianapolis. The girls, a 4-year-old and 5-month-old, are in critical condition at Riley Hospital for Children. Their 28-year-old mother is in serious condition at Wishard Memorial Hospital. The mother was awakened by the fire about 3 a.m., but was unable to get to the children. Firefighters found the infant in her crib and the 4-year-old under her bed. Two men were found shot to death last week in the other half of the duplex.
 

Fishers money manager granted continuance

April 25, 2011

A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.

IndyCar Series makes deal with popular Facebook game

April 25, 2011

Indianapolis Motor Speedway landmarks and the cars of 13 open-wheel drivers are being featured in a game with 8 million nationwide players.

INSIDE DISH: ‘Diners’ TV spot boon and bane for Jersey’s Cafe

April 25, 2011

Dish_Jersey_watch_videoAfter a massive spike in traffic sparked by a Food Network show, owner Blair Laing must deal with food shortages, employee departures and long waits for patrons.

Roundup: Detour, Froyo, Huddles, Cannoli Queen, Dairy Queen, Scotty’s, more

April 25, 2011

Detour: An American Grille, Cannoli Queen and a couple of new frozen yogurt spots lead off a crowded restaurant and retail roundup.

You-review-it Monday

April 25, 2011

There are those who prefer ‘Godspell’ and those who prefer ‘Jesus Christ Superstar.’ Which are you?

Budget could spur talks of school consolidation

April 25, 2011

Indiana lawmakers may have found a way to spur the consolidation of small school districts without jumping into the politically unpopular issue: Starve small districts of state funding to financially push them toward merger talks.

Indiana lawmakers face busy final week

April 25, 2011

Republican House Speaker Brian Bosma says Indiana lawmakers are on track to finish their work on time as the legislative session draws to an end this week despite a five-week boycott by House Democrats.

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